Barclays PLC Has $52,000 Stake in Adams Resources & Energy, Inc. (NYSE:AE)

Barclays PLC lifted its stake in shares of Adams Resources & Energy, Inc. (NYSE:AE) by 118.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,934 shares of the company’s stock after purchasing an additional 1,049 shares during the period. Barclays PLC owned approximately 0.08% of Adams Resources & Energy worth $52,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AE. Bard Associates Inc. grew its holdings in shares of Adams Resources & Energy by 13.1% in the 3rd quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock valued at $336,000 after buying an additional 1,443 shares during the period. Empowered Funds LLC grew its stake in shares of Adams Resources & Energy by 5.3% in the third quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock valued at $501,000 after buying an additional 938 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Adams Resources & Energy by 117.1% in the 3rd quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock valued at $549,000 after purchasing an additional 10,977 shares during the period. Wittenberg Investment Management Inc. raised its position in shares of Adams Resources & Energy by 1.6% in the third quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company’s stock valued at $576,000 after purchasing an additional 339 shares during the period. Finally, Round Hill Asset Management lifted its holdings in Adams Resources & Energy by 71.6% during the 3rd quarter. Round Hill Asset Management now owns 22,979 shares of the company’s stock worth $620,000 after purchasing an additional 9,587 shares during the last quarter. 57.81% of the stock is owned by institutional investors and hedge funds.

Adams Resources & Energy Price Performance

Shares of NYSE AE opened at $37.44 on Friday. The stock has a market cap of $96.37 million, a price-to-earnings ratio of -11.85 and a beta of 0.84. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04. Adams Resources & Energy, Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $37.90. The firm’s 50-day simple moving average is $35.91 and its 200 day simple moving average is $29.20.

Adams Resources & Energy (NYSE:AE) last posted its earnings results on Tuesday, November 12th. The company reported ($1.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($1.20). Adams Resources & Energy had a negative return on equity of 8.14% and a negative net margin of 0.29%. The firm had revenue of $695.16 million during the quarter, compared to the consensus estimate of $649.00 million. As a group, research analysts anticipate that Adams Resources & Energy, Inc. will post -2.65 earnings per share for the current fiscal year.

Adams Resources & Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, December 6th. Adams Resources & Energy’s payout ratio is -30.38%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AE. B. Riley reiterated a “neutral” rating and set a $38.00 price objective (down from $45.00) on shares of Adams Resources & Energy in a research note on Wednesday, November 13th. StockNews.com assumed coverage on Adams Resources & Energy in a research note on Wednesday. They set a “buy” rating for the company.

Adams Resources & Energy Company Profile

Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage of crude oil and other related products in the United States. The company operates through four segments: Crude Oil Marketing, Transportation, Pipeline and Storage, and Logistics and Repurposing.